香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 交通銀行股份有限公司 Bank of Communications Co., Ltd. 關於召開2025年中期業績說明會的公告 交通銀行股份有限公司（「本行」）謹此宣佈，本行擬於2025年8月29日（星期五）在 香港聯合交易所有限公司網站( www.hkexnews.hk )披露本行2025年中期業績，並 於同日17:00-18:30通過網絡直播方式召開業績說明會（「業績說明會」），就2025年 中期業績予以說明，與分析師、媒體記者、投資者進行交流。本行行長張寶江先 生、獨立非執行董事代表、其他高級管理人員將出席業績說明會。 投資者屆時可通過登錄網絡直播地址（ https://rs.p5w.net/html/175489811078812.shtml ） 或掃描以下二維碼觀看業績說明會： 投資者如需提問，可於2025年8月26日（星期二）17:00前，將相關問題發送至本行 投資者關係郵箱investor ...

Group 1 - The core viewpoint of the articles indicates that Chinese bank stocks are experiencing a collective rise, with specific banks like Agricultural Bank and Bank of Communications seeing increases of over 1% [1][2] - Morgan Stanley's report suggests that Chinese bank stocks are expected to rise further due to the stabilization of net interest margins and growth in fee income, with a potential upside of 15% for A-share banks and 8% for Hong Kong bank stocks [1] - UBS analysts express an optimistic outlook for foreign investment in the Chinese stock market, predicting that the liquidity-driven bull market rebound will last at least until September [1] Group 2 - Specific stock performance data shows Agricultural Bank at 5.470 with a rise of 1.11%, Bank of Communications at 6.910 with a rise of 1.02%, and other banks like CITIC Bank and China Merchants Bank also showing positive changes [2] - The report highlights that several banks, including China Bank, Industrial and Commercial Bank, and China Construction Bank, have recorded varying degrees of increases, contributing to the overall positive sentiment in the banking sector [2]

Group 1 - The core viewpoint of the article indicates that Chinese bank stocks are expected to rise further due to stable net interest margins and growth in fee income, with potential increases of 15% in A-share banks and 8% in Hong Kong bank stocks [1] - Major Chinese banks such as Agricultural Bank of China and Bank of Communications saw their stock prices increase by over 1%, while other banks also experienced positive growth [1] - Foreign investors are becoming increasingly optimistic about the Chinese stock market, with UBS analysts predicting that the liquidity-driven bull market rebound will last at least until September [1] Group 2 - Specific stock performance data shows Agricultural Bank of China at 5.470 with a rise of 1.11%, Bank of Communications at 6.910 with a rise of 1.02%, and other banks like CITIC Bank and China Merchants Bank also showing positive changes [1] - The report from JPMorgan highlights the potential for further gains in Chinese bank stocks, emphasizing the benefits from improved net interest margins and increased fee income [1] - The overall sentiment in the market reflects a bullish outlook for the banking sector, supported by external analysis and performance metrics [1]

Core Viewpoint - Foreign investment giants are optimistic about Chinese bank stocks, expecting further price increases due to stable net interest margins and growth in fee income [2][4]. Group 1: Investment Outlook - JPMorgan forecasts a potential increase of 15% in A-share bank stocks and 8% in Hong Kong bank stocks [2][4]. - UBS analysts predict that the liquidity-driven bull market in Chinese stocks will continue at least until September [2][7]. - The average dividend yield for covered mainland bank stocks is expected to be around 4.3% this year, which is attractive in the current market environment [5]. Group 2: Market Dynamics - The key index tracking Chinese banks listed in Hong Kong has surged approximately 25% this year, driven by institutional investors seeking higher returns as bond yields decline [6]. - JPMorgan's Katherine Lei believes that income and profit growth for banks will improve in the second half of the year due to the stabilization of net interest margins and a moderate recovery in fee income [6]. Group 3: Future Performance - Tianfeng Securities indicates that the recent price adjustments in bank stocks are influenced by strong prior gains, profit-taking strategies, and some shareholders reducing their stakes [9]. - The long-term trend of valuation recovery for bank stocks remains positive, supported by expected improvements in net interest margins and non-interest income [10]. - The demand for bank stocks from long-term funds, such as insurance and public funds, is increasing, providing financial support for the banking sector [12].

Market Overview - The Hang Seng Index (HSI) closed at 24,951.48, down by 171.42 points or 0.68% as of August 19, 16:00 Eastern Time [1] - The index reached a high of 25,154.24 and a low of 24,938.43 during the trading session, with a trading volume of 39.6558 million [1] - The 52-week high for the index is 25,778.47, while the 52-week low is 17,034.99 [1] Blue-Chip Stocks Performance - Major blue-chip stocks mostly declined, with HSBC Holdings closing at HKD 99.581, up 0.54% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 588.764, down 0.63% compared to the Hong Kong close [2] Individual Stock Movements - Tencent Holdings (00700) saw a price of HKD 592.500, an increase of HKD 5.500 or 0.94%, but its ADR price was HKD 588.764, down HKD 3.736 compared to the Hong Kong close [3] - Alibaba Group (09988) closed at HKD 118.300, down HKD 0.300 or 0.25%, with an ADR price of HKD 116.979, down HKD 1.321 [3] - HSBC Holdings (00005) had a closing price of HKD 99.050, up HKD 0.600 or 0.61%, with an ADR price of HKD 99.581, up HKD 0.531 [3] - Xiaomi Group (01810) closed at HKD 52.400, down HKD 0.650 or 1.23%, with an ADR price of HKD 52.255, down HKD 0.145 [3] - AIA Group (01299) closed at HKD 74.200, down HKD 0.400 or 0.54%, with an ADR price of HKD 73.722, down HKD 0.478 [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本通告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 交通銀行股份有限公司 Bank of Communications Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 董事會會議通告 茲通知交通銀行股份有限公司（「本行」）董事會（「董事會」）將於二零二五年八月 二十九日（星期五）舉行董事會會議，藉以（其中包括）(i)審議及批准本行及其附 屬公司截至二零二五年六月三十日止六個月之中期業績；及(ii)考慮派付中期股息 （如有）。 承董事會命 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2025年8月19日 於本通告發佈之日，本行董事為任德奇先生、張寶江先生、殷久勇先生、周萬阜 先生、常保升先生*、廖宜建先生*、陳紹宗先生*、穆國新先生*、艾棟先生*、 羅小鵬先生*、石磊先生 # 、張向東先生 # 、李曉慧女士 # 、馬駿先生 # 、王天澤先生 # 及 肖偉先生 # 。 * 非執行董事 # 獨立非執行董事 ...

金融界8月19日消息，上证指数高开震荡，上证基本面200指数 (上证F200，000098)下跌0.3%，报 5364.35点，成交额2575.75亿元。 数据统计显示，上证基本面200指数近一个月上涨1.26%，近三个月上涨5.71%，年至今上涨5.03%。 据了解，上证基本面指数系列包括上证基本面200指数、300指数和500指数。该指数系列以沪市证券为 样本空间，分别选取基本面价值最大的200家、中间的第201至第500家和最大的500家上市公司证券作为 样本，基本面价值由四个财务指标来衡量：营业收入、现金流、净资产和分红；样本的权重配置由基本 面价值决定，在一定程度上打破了样本市值与其权重之间的关联，避免了传统市值指数中过多配置高估 证券的现象。该指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，上证基本面200指数十大权重分别为：中国平安（5.84%）、招商银行（3.83%）、兴 业银行（3.64%）、中国建筑（3.34%）、贵州茅台（2.43%）、工商银行（2.36%）、交通银行 （2.11%）、农业银行（1.89%）、民生银行（1.73%）、中国中铁（1.61%）。 ...

格隆汇8月19日丨交通银行(03328.HK)宣布，董事会将于2025年8月29日（星期五）举行董事会会议，藉 以（其中包括）(i)审议及批准本行及其附属公司截至2025年6月30日止六个月的中期业绩；及(ii)考虑派 付中期股息（如有）。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本通告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 董事會會議通告 茲通知交通銀行股份有限公司（「本行」）董事會（「董事會」）將於二零二五年八月 二十九日（星期五）舉行董事會會議，藉以（其中包括）(i)審議及批准本行及其附 屬公司截至二零二五年六月三十日止六個月之中期業績；及(ii)考慮派付中期股息 （如有）。 承董事會命 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2025年8月19日 * 非執行董事 # 獨立非執行董事 交通銀行股份有限公司 Bank of Communications Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 於本通告發佈之日，本行董事為任德奇先生、張寶江先生、殷久勇先生、周萬阜 先生、常保升先生*、廖宜建先生*、陳紹宗先生*、穆國新先生*、艾棟先生*、 羅小鵬先生*、石磊先生 # 、張向東先生 # 、李曉慧女士 # 、馬駿先生 # 、王天澤先生 # 及 肖偉先生 # 。 ...

Core Insights - The credit card industry in China is experiencing a significant downturn, with issuance volumes declining for ten consecutive quarters, leading to a total of 721 million credit cards by Q1 2025, down from a peak of 807 million in 2022 [4][5][6] - Promotional activities, such as offering bicycles for credit card sign-ups, reflect the intense competition and pressure on banks to attract new customers, despite the overall decline in credit card usage [2][5] - The industry is shifting from a growth phase to a focus on existing customer retention and service quality, as the previous strategies of aggressive customer acquisition are no longer effective [5][24] Industry Trends - The credit card issuance cost has increased significantly, with costs reaching up to 200 yuan per card, compared to earlier years when no incentives were necessary [4][5] - Credit card delinquency rates have risen, with the overdue amount exceeding 123.96 billion yuan by the end of 2024, marking a 26.31% year-on-year increase [5][6] - The number of credit cards in circulation is decreasing, with over 40 credit card centers shutting down since 2025, indicating a contraction in the market [6][7] Market Dynamics - The market is now characterized by a "stock game" where banks must focus on retaining existing customers rather than acquiring new ones through incentives [5][24] - Many banks are reducing the benefits associated with credit cards, such as airport lounge access and other premium services, in response to the changing market conditions [6][7] - The trend of discontinuing co-branded credit cards is evident, with numerous banks ceasing to offer popular co-branded products due to low engagement and inefficiency [7][8] Future Outlook - The credit card industry is expected to evolve towards providing enhanced customer experiences and tailored services, rather than merely focusing on the volume of cards issued [19][24] - The integration of advanced technologies such as AI and big data is anticipated to play a crucial role in improving service delivery and customer engagement in the credit card sector [19][24] - Despite the challenges, credit cards remain a vital tool for consumer finance, with a total outstanding credit card loan balance of 8.71 trillion yuan, significantly higher than that of consumer finance institutions [19][24]